DocuSign Inc [DOCU] stock is trading at $57.98, up 3.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DOCU shares have gain 8.27% over the last week, with a monthly amount glided 13.36%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, DocuSign Announces Fourth Quarter and Fiscal Year 2024 Financial Results. In a post published today on Yahoo Finance, DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fourth quarter and fiscal year ended January 31, 2024.
From an analyst’s perspective:
DocuSign Inc [NASDAQ: DOCU] stock has seen the most recent analyst activity on January 16, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $64 from $49. Previously, Wells Fargo downgraded its rating to Underweight on December 20, 2023. On December 15, 2023, downgrade downgraded it’s rating to Outperform but maintained its price target of $60 on the stock. HSBC Securities upgraded its rating to a Hold but stick to its price target of $42 on September 27, 2023. HSBC Securities initiated its recommendation with a Reduce and recommended $42 as its price target on September 15, 2023. JP Morgan downgraded its rating to Underweight for this stock on March 10, 2023, and downed its price target to $48. In a note dated February 23, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
DocuSign Inc [DOCU] stock has fluctuated between $38.11 and $66.90 over the past year. Currently, Wall Street analysts expect the stock to reach $70.93 within the next 12 months. DocuSign Inc [NASDAQ: DOCU] shares were valued at $57.98 at the most recent close of the market. An investor can expect a potential return of 22.34% based on the average DOCU price forecast.
Analyzing the DOCU fundamentals
DocuSign Inc [NASDAQ:DOCU] reported sales of 2.76B for the trailing twelve months, which represents a growth of 8.01%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.49 points at the first support level, and at 55.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.99, and for the 2nd resistance point, it is at 60.01.
DocuSign Inc [DOCU] reported earnings per share of $0.76 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.64/share, meaning a difference of $0.12 and a surprise factor of 18.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.79 per share as compared to estimates of $0.63 per share, a difference of $0.16 representing a surprise of 25.40%.
Ratios To Look Out For
For context, DocuSign Inc’s Current Ratio is 0.94. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 12.25 and price to earnings (TTM) ratio is 161.91.
Transactions by insiders
Recent insider trading involved Thygesen Allan C., President and CEO, that happened on Mar 01 ’24 when 7765.0 shares were sold. Director, Briggs Teresa completed a deal on Feb 29 ’24 to sell 499.0 shares. Meanwhile, President and CEO Thygesen Allan C. sold 7680.0 shares on Feb 01 ’24.
